Hepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market Opportunities And Strategies 2024-2033 | Insights, Demand, Outlook

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Hepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $6.83 billion In 2028 At A CAGR Of 6.8% :

The hepatic-pancreatic-biliary (HPB) surgical device market size has grown strongly in recent years. It will grow from $4.85 billion in 2023 to $5.25 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to aging population, global expansion of healthcare infrastructure, rise in minimally invasive surgeries, regulatory approvals and standardization, rising demand for ambulatory surgical centers.

The hepatic-pancreatic-biliary (HPB) surgical device market size is expected to see strong growth in the next few years. It will grow to $6.83 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing number of diseases associated with liver and pancreas, growing trends of gallbladder concerns in younger adults, rising medical tourism, rising attention to a healthy diet, increasing prevalence of HPB disorders. Major trends in the forecast period include remote surgical platforms, nanotechnology in surgical devices, patient-specific implants, smart surgical instruments, augmented reality (AR) in surgical planning.

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Hepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market Major Segments
The hepato-pancreatico-biliary (hpb) surgeries surgical devices market covered in this report is segmented -

1) By Product : Electrosurgery Instruments, Endoscope, Hand Instruments, Access Instruments, Stents, Energy/Vessel Sealing Devices, Visualization and Robotic Surgical System, Surgical Suture and Stapler Devices, Fluid Management System
2) By Indication : Liver Cancer, Pancreatic Cancer, Gall Stones, Bile Duct Cancer, Cirrhosis, Pancreatitis, Cholecystitis
3) By End User: Hospitals, Specialty Clinics, Trauma Centers, Ambulatory Surgical Centers

Key Driver - Medical Tourism's Impact On The Hepato-Pancreatico-Biliary (HPB) Surgical Device Market

Rising medical tourism is expected to propel the growth of the hepatic-pancreatic-biliary (HPB) surgical device market going forward. Medical tourism refers to the practice of individuals traveling to another country or region to seek medical treatment, healthcare services, or procedures. Medical tourism uses hepatic-pancreatic-biliary (HPB) surgical devices to give people from other countries access to specialized and high-quality surgeries for problems with the liver, pancreas, and bile ducts. These surgeries are often more cost-effective, use more advanced technology, and have shorter wait times than in the patients' home countries. For instance, in September 2022, ALM BenefitsPRO, a US-based employee benefits data resource, in 2022, approximately 263,000 Americans travelled abroad for medical care, an increase from the 115,000 in 2020. Therefore, rising medical tourism is driving the growth of the hepatic-pancreatic-biliary (HPB) surgery and surgical devices market.

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Prominent Trend - Innovative Advancements In The Hepato-Pancreatico-Biliary (HPB) Surgical Devices Market

Major companies in the hepato-pancreatic-biliary (HPB) surgery surgical devices market are developing innovative technological products, such as robotic-assisted surgical staplers, to gain a competitive edge in the market. The robotic-assisted surgical stapler is a device used in various surgical procedures, particularly in gastrointestinal surgeons, surgical oncologists, bariatric surgeons, and HPB (Hepato-Pancreatic-Biliary). For instance, in June 2021, Intuitive Surgical Inc., a US-based medical device company, launched SureForm, a robotic-assisted surgical stapler. The stapler comes equipped with SmartFire technology, which is integrated software that makes automatic adjustments to the firing process as staplers are being formed and as the transaction is being made, helping optimize a consistent staple line and prevent tissue damage across a range of tissue thicknesses.

Hepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market Players
Major companies operating in the hepato-pancreatico-biliary (hpb) surgeries surgical devices market report are Cardinal Health Inc., Johnson & Johnson Services Ltd., General Electric Company, 3M Company, Medtronic Plc, KARL STORZ SE & Co. KG, FUJIFILM Holdings Corporation, BD CooperSurgical Inc., Koninklijke Philips N.V., Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Olympus Corporation, Terumo Corporation, Smith & Nephew plc, Steris Plc, W.L. Gore & Associates Inc., Cook Medical Inc., CONMED Corporation, Richard Wolf GmbH, CooperSurgical Inc., Medi-Globe GmbH, Thompson Surgical Instruments Inc., Lotus Surgicals Pvt. Ltd., Comepa Industries, Hobbs Medical Inc., TeleMed Systems Inc., Medorah Meditek Pvt. Ltd., Origio India Pvt. Ltd.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the hepatic-pancreatic-biliary (HPB) surgical device market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hepato-pancreatico-biliary (hpb) surgeries surgical devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Hepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market Report Structure
3. Hepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market Trends And Strategies
4. Hepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market - Macro Economic Scenario
5. Hepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market Size And Growth
…..
27. Hepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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